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In a discussion on the IPO market, CNBC’s ‘Squawk on the Street’ team discussed the IPO of GoPro Inc. (NASDAQ:GPRO). The team discussed on the activity on the market after the GoPro Inc. (NASDAQ:GPRO) IPO since the company got listed on the NASDAQ on June 26, 2014.

“We had a bit of a lull after King (IPO of King Digital Entertainment PLC (NYSE:KING)) at least to a certain extent it seemed, but with this (GoPro) deal in particular, animal spirits are back,” CNBC’s David Faber said.

“I just find it funny that in a market that is starved for volatility, volatility at a seven year low, this stock (GoPro) has plenty of it,” CNBC’s Sara Eisen added.

Eisen also mentioned that since five days after the IPO of GoPro Inc. (NASDAQ:GPRO) on an average 38 million GoPro shares have been traded. According to her, this heavy trading in the GoPro Inc. (NASDAQ:GPRO) stock puts it in the ranks of stock like Apple Inc. (NASDAQ:AAPL), Facebook Inc. (NASDAQ:FB), etc. in terms of stock market activity.

Eisen also noted the fact that increasing activity can be seen in the market for GoPro Inc. (NASDAQ:GPRO) due to the introduction of GoPro options on July 7, 2014.

Commenting on the free float market capitalization of recent IPO’s including GoPro, Faber said “just how little of it is actually out trading and that has been typical of so many of the offerings that we have seen in this robust IPO period, where they are selling slivers really. So you just created demand imbalance when there is that. But, with those lockups, I think many people underestimated the power that would have on the downside for Twitter for example, when that lockup period expired.”

The GoPro Inc. (NASDAQ:GPRO)’s stock which currently trades at around $42 is near the double of the price at which it was offered i.e. $24 per share and as Faber noted, the stock has a lock up period which expires on December 26, 2014 and as seen in the case of stocks like Twitter Inc. (NYSE:TWTR) the expiry of a lock up period results in heavy selling of shares and hence investors need to be careful of such a situation in the case of GoPro.